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bbc.com
Samsung family pays off record $8bn inheritance tax bill
The bill is tied to the estate left by the firm's late chairman Lee Kun-hee, who died in October 2020.
cnbc.com
South Korean stocks hit fresh record, building on historic monthly rally in April
Asia markets are mixed Monday as investors assess news of President Donald Trump's plan to "free" ships stranded in the Strait of Hormuz.
cnbc.com
Oil prices mixed in choppy trade as Trump plans to 'free' ships stranded due to Mideast conflict
The United Kingdom Maritime Trade Operations agency said Monday that a tanker was hit by projectiles north of the city of of Fujairah in the United Arab Emirates.
cnbc.com
Meme stock GameStop makes $56 billion bid for eBay in bid to rival Amazon
GameStop made a takeover bid for eBay, offering $125 per share in a cash-and-stock deal that values the e-commerce platform at roughly $55.5 billion.
bbc.com
GameStop makes $55.5bn takeover offer for eBay
GameStop's boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.
cnbc.com
Trump says U.S. will 'free' ships trapped in Persian Gulf by Strait of Hormuz closure
Vessels have been largely unable to pass through the Strait of Hormuz for months, disrupting key supply chains.
cnbc.com
Rudy Giuliani, former New York mayor and Trump lawyer, hospitalized in critical condition
President Donald Trump called Rudy Giuliani a "True Warrior, and the Best Mayor in the History of New York City, BY FAR," in a Truth Social post.
cnbc.com
CNBC Daily Open: Trump's Hormuz gambit lands with a whimper
Markets appear to have made their peace with the stalled talks, with oil barely moving despite another oil output quota hike by the OPEC+ members.
cnbc.com
Pirro reveals new Trump attack evidence; Cole Allen removed from 'suicide precautions'
Until U.S. Attorney Jeanine Pirro's comments, prosecutors had not disclosed whose bullet hit the agent.
bbc.com
Amsterdam bans public adverts for meat and fossil fuels
Local politicians say the move is in line with the Dutch capital's environmental targets.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
cnbc.com
Greg Abel earns solid scorecard from Berkshire shareholders after first annual meeting
The reviews from longtime shareholders and professional investors were broadly positive, even as many acknowledged the notable absence of Warren Buffett.
theguardian.com
The Guardian view on China’s carrots and sticks: Trump should not soften on Taiwan when he visits Beijing | Editorial
Xi Jinping hopes that the president may water down US support for a vibrant democracy. Defending the status quo would be better for America tooChina senses opportunity when Donald Trump visits later this month. A nakedly transactional US president in need of a trade deal, and hoping that Beijing could lean on Iran, might shift on Taiwan in return. China’s foreign minister, Wang Yi, linked the issue explicitly to broader bilateral cooperation in his call with Marco Rubio, the US secretary of state, on Thursday. Beijing would be delighted to see Mr Trump soften the US position, and perhaps pull back on arms sales after a mammoth $11bn package was announced late last year.Taiwan has been self-governed since the end of China’s civil war in 1949, so never ruled by China’s Communist party. Xi Jinping has made unification central to his legacy. Three years ago, US intelligence assessed that he had told the People’s Liberation Army to be ready for an invasion by 2027. But Beijing would surely prefer to achieve its goal without force. Continue reading...
theguardian.com
The Guardian view on unhealthy Britain: from housing to junk food, there are solutions | Editorial
People are living with sickness or disability younger than a decade ago. That should shock the country and prompt actionThe two-year decline in healthy life expectancy in Britain, set out in new analysis from the Health Foundation thinktank, is devastating. In a wealthy country like the UK, at a time of rapid advances in the treatment of illnesses including obesity and cancer, people should not be living with sickness or disability earlier than they were a decade ago.The report draws on a survey that relies on self-reporting, so is less objective than statistics based on births and deaths. Worsening mental health among younger adults is the area of sharpest deterioration and in some age groups, physical health was reported as having improved. But healthy life expectancy is a useful measure of quality of life and the findings have serious implications for public services. When, in 2028, the retirement age rises to 67, the average person will be in poor health more than six years before they are due to stop work. The researchers state that the decline cannot be put down to the pandemic. Northern Ireland was excluded due to a lack of data. Continue reading...
theguardian.com
Guilty until proven innocent: shoppers falsely identified by facial recognition system struggle to clear their names
People shamed and ordered to leave shops after being misidentified then ‘given no help’ to investigate verdictsAI facial recognition oversight lagging far behind technology, watchdogs warnHow does live facial recognition work and how many police forces use it? When Ian Clayton, a retired health and safety professional from Chester, popped into Home Bargains one February lunchtime, he was suddenly approached by a stern-looking member of staff.“Excuse me, can you please put everything down and leave the shop now?” she said. Clayton recalled how he was stunned, and it was only as he was briskly walked past the tills towards the exit that he stopped to ask what he had done. Continue reading...
theguardian.com
Spirit pilot gets ‘overwhelming’ send-off from Southwest after his final flight is cancelled
Jon Jackson was scheduled to fly his last flight on Saturday when Spirit ceased operations – Southwest staff stepped inA Spirit Airlines pilot was given an emotional send-off into retirement by another airline after what was supposed to be his final flight was canceled amid Spirit’s sudden collapse on Saturday.Jon Jackson had been scheduled to fly his final flight into Baltimore-Washington international airport on Saturday when the low-cost airline ceased operations after running out of cash and rescue talks with the Trump administration failed. Continue reading...
theguardian.com
‘Like a village taverna’: Greek cafes and milk bars of Australia – in pictures
From gleaming art deco halls to family-run takeaways, 1930s venues run by Greek immigrants introduced American-style classy casual dining to Australian cities and country townsGreek Cafes & Milk Bars of Australia by Effy Alexakis & Leonard Janiszewski is out now through Halstead Press, $49.95 Continue reading...
cnbc.com
'Godspeed my friend': Inside the final hours of Spirit Airlines
Spirit Airlines ceased operations overnight after a failed government bailout.
theguardian.com
Canada to be first non-European nation at EPC summit as Carney seeks allies
PM’s attendance at European Political Community meeting in Yerevan seen as part of effort to build new ties after US ruptureCanada is to become the first non-European country to attend a meeting of the European Political Community when the prime minister, Mark Carney, joins Monday’s summit of the 48-plus nation grouping in Yerevan, Armenia.Carney has said he is determined to build a new network of trade and diplomatic alliances after the loss of US markets under Donald Trump. His presence will also represent a show of western support for Armenia in its efforts to distance itself from Russia at a time when Washington’s approach to Moscow’s opponents, such as Ukraine, is at best ambiguous. Canadian diplomats have rejected suggestions Ottawa might seek EU membership. Continue reading...
theguardian.com
Fashion’s Faustian pact: the high cost of Jeff Bezos’s Met Gala patronage
Billionaire’s role as honorary chair and main source of funding has led to boycotts and criticism event has lost its cachetThe Met Gala in New York is the grandest and ritziest event in the fashion calendar, and an indicator of the growing ties between designers, celebrity and power. But with tech billionaires now joining the cohort, this year’s party may be its most controversial yet.All eyes are on the guest list – and their outfits – to launch the fashion exhibition Costume Art at the Metropolitan Museum of Art’s Costume Institute. Beyoncé, Venus Williams and Nicole Kidman are chairing the event with Vogue’s Anna Wintour, and tickets cost about $100,000 (£73,500). But in a plot twist worthy of the new Devil Wears Prada film, Jeff Bezos and Lauren Sánchez Bezos, the Met Gala’s new honorary chairs, will be joining the 450 guests on the museum steps on Monday. Continue reading...
theguardian.com
Heathrow in talks with airlines to end row that could delay third runway
Airport seeks deal with BA owner, Virgin and billionaire local landowner, who has own expansion plan, over cost and service issuesHeathrow’s new chair has opened talks with airlines and the billionaire local landowner Surinder Arora to defuse a row that threatens to further delay the £49bn plan to build a third runway at Europe’s busiest airport.Philip Jansen, who was appointed at the start of the year, is understood to have held meetings with the airport’s carriers and with Arora, who has been promoting his own £25bn expansion scheme, in the hope of finding the middle ground in a row over cost and service issues. Continue reading...
cnbc.com
UK government plans to allow airlines to consolidate flights as jet fuel costs soar
The government says it wants to reduce the likelihood of last-minute flight cancelations over the summer amid uncertainty over the Iran war.
theguardian.com
Nasa brought crashing down to earth as budget threat follows lunar success
Artemis II inspired the public but the Trump administration wants to slash the science underpinning human spaceflightIt should have been a victory lap for Jared Isaacman. The Nasa administrator was in Washington DC for what he surely hoped would be a celebration with lawmakers and the US president, little more than two weeks after the successful conclusion of the first human journey around the moon in more than half a century.Instead, last week began with some difficult questions in Congress about the Trump administration’s unpopular plan to slash the space agency’s budget. It ended at the White House with the president appearing to poke fun at his prominent ears, watched by four bemused Artemis II astronauts waiting in vain for any question about their historic mission. Continue reading...
theguardian.com
Young Americans have soured on Trump | Steven Greenhouse
The president’s approval rating with those under 30 has plummeted as he has failed to deliver on promise after promiseRepublicans rejoiced when far more young voters than expected backed Donald Trump in 2024, with many of them moved by Trump’s grandiose promises, such as his vow to “build the greatest economy in the history of the world”. But Republicans should be alarmed that so many 18- to 29-year-olds have soured on Trump – his approval rating with that group has sunk from 48% in January 2025 to between just 25% and 33% in recent months, according to polls by YouGov/the Economist.It shouldn’t be a surprise that millions of young Americans have turned against Trump, considering that he has failed to deliver on so many promises, most notably his vow to reduce prices on day one. For young people, inflation is the No 1 economic issue, far outpacing other issues, and they very much wanted Trump to focus on affordability, but Trump has focused on everything but affordability. He’s focused instead on his glitzy, $400m ballroom, his war against Iran (which has increased gas prices), and his tariff wars (which have increased overall inflation). In bad news for Republicans, 78% of Americans under age 30 disapprove of how Trump is handling inflation.Steven Greenhouse is a journalist and author, focusing on labor and the workplace, as well as economic and legal issues Continue reading...
bbc.com
In five charts: How UAE's exit could affect Opec's influence over the oil price
The BBC takes a look in charts at what the UAE's departure could mean for the oil cartel and more widely.
theguardian.com
‘We don’t want to make the same mistakes’: Jamie’s Italian reopens in London
Jamie Oliver’s head of restaurants is optimistic about new recipe of smaller site, slimmed-down menu and no burgersWhen Jamie’s Italian crashed and burned in 2019, with the company in £83m of debt and causing 1,000 job losses, no one imagined the celebrity chef would try again.But seven years later, Jamie Oliver has opened a flagship site under the same name in Leicester Square in central London, and believes he has a new recipe for success: a smaller restaurant with a slimmed-down menu, which features cheaper cuts of meat and no burgers. Continue reading...
theguardian.com
‘What dishes did they eat?’: the Beijing restaurant dining out on Starmer visit
In and Out has been fully booked since PM ate there, with patrons able to choose from special menu based on his mealWhatever the ins and outs of Westminster politics, Keir Starmer can take small comfort in the fact that there is one place where he is consistently popular. It just happens to be 5,000 miles away.In and Out, an upmarket restaurant in Beijing, has been fully booked since Starmer and his team dined there in January during the first visit by a British prime minister to China since 2018. Continue reading...
cnbc.com
OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
Concerns around production were amplified further last week with news of the UAE's shock departure.
cnbc.com
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
Oil exports are booming from the U.S. Gulf Coast thanks to the Middle East supply disruption caused by the Iran war.
theguardian.com
Cuba gets trickle of intrepid tourists as Trump’s oil blockade continues
Island’s tourism industry been hit hard by severe US pressure – but some say foreigners should still visitLeslie Simon and Marc Bender had arrived in Havana for a 10-day holiday, despite their president’s repeated threats of military action against Cuba.The two retired union lawyers from Los Angeles flew in via Miami sporting badges reading “ICE OUT!” and shared a somewhat negative opinion of the US’s past. Continue reading...
theguardian.com
Investment or waste? How the M4 relief road plan for Newport sums up Wales’s economic quandary
As potentially seismic Senedd elections loom, competing parties have differing visions of how to reinvigorate the economyIt is afternoon rush hour on the M4 and drivers are yet again making slow progress around the city of Newport, often seen as the gateway to south Wales given its location between Cardiff and Bristol.Cars and lorries are stuck in gridlocked traffic in both directions on the approach to the Brynglas tunnels, where the road narrows to two lanes in each direction, while flashing lights warn motorists in Welsh and English of a ciw (queue). Continue reading...
theguardian.com
More farming co-operatives could ‘unleash growth’ in UK, finds report
Greater agricultural collaboration can improve food security and resilience to global crises, says policy paperAgricultural co-operatives could “unleash growth” in the UK and improve national food security in the face of crises such as the Middle East conflict by “improving the resilience of UK farms”, according to a report.The policy paper produced by the Co-operative party, which backs influential Labour MPs including Steve Reed and Jonathan Reynolds, calls for “a shift in perspective, not a doubling down of the status quo”. It says co-ops, which enable farmers to pool resources, share risk and invest collectively, can help “reduce exposure to volatile input markets”, such as fertiliser, fuel and animal feed. Continue reading...
theguardian.com
Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart
Unintended consequence of US president’s actions will be boon for China, the leading renewables manufacturerOperation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the global transition towards the clean energy he loves to hate.Last week brought the latest exchange of verbal blows in the standoff over the strait of Hormuz. Iran was “choking like a stuffed pig” on the oil it was unable to export because of the US blockade, Trump claimed. Continue reading...
bbc.com
Voters will judge Trump on the economy - how is it doing?
How much Donald Trump can do with the time he has left as president will depend massively on the cost of living.
bbc.com
Airlines can cancel flights in advance over fuel shortages under new plans
Ministers hope move would help avoid last-minute flight cancellations for passengers this summer over Middle East fuel supplies.
theguardian.com
UK airlines given green light to cancel or consolidate flights to conserve jet fuel
Carriers examining which flights can be cancelled with least disruption under plans to avoid summer travel chaosUK airlines will be able to cancel or consolidate flights this summer to conserve jet fuel as the war in the Middle East continues to disrupt supplies.The measures are being taken to avoid major disruption as Britons jet off on their summer holidays. Airlines are looking carefully at their timetables to see which flights can be cancelled in advance and cause the least delays. Continue reading...
theguardian.com
UK ‘invention agency’ grants £50m of public money to US tech and venture capital firms
Exclusive: Brainchild of Dominic Cummings, Aria is aimed at funding ‘crazy’ scientific projects to benefit the UKBritain’s “invention agency” has pledged £50m of UK taxpayer money to US tech companies and venture capital projects.Dreamed up by Dominic Cummings to fund “crazy” ideas, the Advanced Research and Invention Agency (Aria) is meant to “restore Britain’s place as a scientific superpower”. Continue reading...
theguardian.com
One in three HR leaders face opposition to inclusion schemes, study finds
Exclusive: Resistance to equity, diversity and inclusion drives affects hiring chances of people with convictions, says charityMore than a third of HR decision-makers in the UK said they have faced pushback against equity, diversity and inclusion (EDI) initiatives over the past year, according to new research.The new YouGov poll, carried out for the national employment charity Working Chance, surveyed 565 HR decision-makers and found that resistance towards EDI was on the rise. Continue reading...
theguardian.com
Reform frontbench promotes JCB’s pothole machine after firm’s £200,000 donation
Nigel Farage, Lee Anderson and Robert Jenrick, among others, have sung the praises of the JCB PotHole Pro Reform UK’s leading figures have repeatedly promoted a new pothole-fixing machine by the construction company JCB, while the party received £200,000 from the British digger maker, the Guardian can reveal.Several Reform politicians including Nigel Farage, Lee Anderson, Robert Jenrick, Zia Yusuf and Richard Tice have sung the praises of the JCB PotHole Pro machine. Continue reading...
theguardian.com
Dynamic pay on platforms such as Uber should be banned, says TUC
Exclusive: Union body finds workers describing themselves as ‘gambling’ because wages felt like the outcome of chance rather than workThe practice of using “dynamic pricing” to set pay on gig economy platforms including Uber should be banned because it leaves workers at the mercy of shadowy algorithms with no certainty over their earnings, trade union leaders have urged.In a report exposing the human cost of the gig economy practice, the Trades Union Congress said pay was becoming decoupled from time, skill or effort. Instead, work had become a speculative practice with the rewards determined by an algorithmic process with little transparency. Continue reading...
theguardian.com
AI chatbot fraud: the ‘gift card’ subcription that may cost you dear
After subscribing to the Claude chatbot, mystery payments started to appear on one family’s credit card bill. They are not aloneDavid Duggan* was so impressed with the ability of the Claude chatbot to answer medical questions and organise family life, that a $20-a-month (£15) subscription seemed like money well spent.But then his wife spotted two $200 payments on his credit card bill for gift cards to use the artificial intelligence tool. Continue reading...
cnbc.com
Global week ahead: Is 'Sell in May' just a myth?
Should investors 'sell in May' or flip a coin?
bbc.com
Struggling High Streets fuel sense of neglect for voters ahead of local elections
Failing High Streets fuel a wider sense of political discontent which could prove crucial in the upcoming elections for English councils in May.
bbc.com
Spirit Airlines shutting down after rescue talks collapse
The airline had been in talks with the Trump administration about a $500m bailout.
cnbc.com
Spirit Airlines shuts down after failing to reach a bailout deal, ending discount travel era
Talks with bondholders for a government bailout this week failed to yield a deal.
theguardian.com
Spirit Airlines shutdown: How to get home and get refunds
If you’ve been snagged in the airline’s now-defunct flight schedule, here are some things to know about next stepsThe collapse of the US-based Spirit Airlines may mark the end of an era for travelers with a certain financial sensibility.But if you’ve been snagged in their now-defunct flight schedule, here are some things to know on how to get home, and get whole. Continue reading...
theguardian.com
Abortion pill maker asks US supreme court to halt ban on mail-order access
Danco Laboratories files emergency appeal after lower court blocks telemedicine providers from prescribingA manufacturer of the abortion pill mifepristone, Danco Laboratories, filed an emergency appeal to the US supreme court on Saturday asking it to halt a court decision that would require an in‑person exam before the medication can be prescribed.The request came hours after the fifth US circuit court of appeals temporarily reinstated the requirement blocking telemedicine health providers from prescribing to patients by mail in response to a challenge from Louisiana. Continue reading...
theguardian.com
Solar booms in industrial US midwest as energy crisis persists
Electricity has become one of the most important commodities in the region thanks to demand from datacenters, Iran war and rising utility charges For decades, the only regular visitors to the Twin Lake Reservoir in Lima, Ohio, were fishers passing hot summer evenings trying to snag a largemouth bass.But today, it’s a hive of activity. Continue reading...
theguardian.com
Two buses, three hours and 13 miles: how Americans in ‘transit deserts’ get groceries without cars
As Covid-era funding dries up and bus services are cut, a food insecurity crisis is brewing from Tennessee to Rhode IslandZen’Yari Winters’ job, at a pet shop in East Memphis, Tennessee, should be a 20-minute trip from her house. She leaves herself three hours to get there. “The bus is always, always late,” she said – if it shows up at all.It’s not just her work commute that’s affected by the time-consuming guessing game that is riding with the Memphis Area Transit Authority (Mata). The only full-service grocer in the Chelsea-Hollywood area where she lives closed in 2025. To shop for food in person, she could take two buses for a 13-mile (20km) trip to Walmart. But she risks waiting at bus stops for hours with perishables – or shelling out about $24 for an Uber back. Continue reading...
cnbc.com
Airfare amid Iran war: Buy now or wait out the conflict? Experts weigh the risks
It could be risky to delay buying plane tickets and hoping fares will drop, according to travel experts.
theguardian.com
‘They don’t belong in our environment’: US vineyards battle spotted lanternflies as invasive insects spread
From Virginia to New York, the bugs drain vines, cut yields and leave growers resorting to one simple fix: squash themAround grape harvest time about three years ago, an employee at Zephaniah Farm Vineyard in Leesburg, Virginia, noticed bugs, about 1in long with gray and black wings and a bright red underwing, atop some trees.While the insects were pretty, they were there for the grapevines and not welcome guests at the vineyard, which sits atop a farm that the Zephaniah family has run since 1949. Continue reading...
theguardian.com
Less financial stability, smaller social safety nets: inside the gen Z investing boom
Apps, AI tools and shaky job prospects are pushing gen Z into markets earlier, blending caution with risk-takingAmbrico Ranginui first heard of cryptocurrencies when he was 12 years old. By the time he was 16, he had saved enough from birthday gifts and his allowance to invest.“Growing up in a single-mum household, it made me quite a determined person to get ahead,” Ranginui said. “I wanted to find new avenues to make money and crypto was so fascinating at the time.” Continue reading...
theguardian.com
Samuel Ojo on Starmer and the cost of living crisis – cartoon
Continue reading...
theguardian.com
Britain pioneered the comfortable retirement – but that golden age is coming to an end | Helen McCarthy
The once inexorable rise in retiree living standards since the second world war has broken down. Can we keep the dream alive for future generations?When you think of retirement, what comes to mind? Perhaps it is images of older people enjoying a well-deserved period of leisure and comfort in the final stretch of their lives. Cruise ships, garden centres, golf clubs and bungalows by the sea. The truth is that this image is now, in large part, the artefact of a bygone age. A long and comfortable retirement starting at 60 or 65 is beginning to look like a collective social experience whose moment has passed. The political and economic forces it relied upon appear to have run their course – and it’s time to start thinking about what comes next. Retirement in Britain has a surprisingly short history, underpinned by dramatic improvements in older people’s quality of life over the past 50 years. Large public and private bureaucracies first started to enrol long-serving employees into pension schemes from the mid-19th century. In 1909, Britain introduced an old age pension funded by the state and targeting the poorest, who could claim it from the age of 70. But it was only after the second world war that a period of leisured old age become an ordinary expectation for most British workers.Helen McCarthy is a historian and the author of Double Lives: A History of Working Motherhood Continue reading...
theguardian.com
New free financial advice plan aims to help Britons build savings
‘Targeted support’ means certain banks and financial institutions can offer free extra help with investments and pensionsMany Britons are daunted by the world of investing, but new City rules mean certain banks and financial institutions can offer free extra help with investments and pensions.Last month marked the launch of “targeted support”, a new regulated service that permits companies to suggest investments and pension products to customers that might provide a better return. Continue reading...
theguardian.com
‘People can see it – but can’t use it’: mystery of completed East-West Rail line that has no passenger trains
The East West Rail project linking Oxford to Milton Keynes was finished in 2024. There’s just one hitch: no servicesThe rumbling noise in the night, still enough to waken the unhabituated, is what really goads some people living in Winslow, Buckinghamshire. Freight trains running through the new station since late 2024 prove this stretch of railway is operational. But the long-promised passenger services have yet to appear – and there is no sign of any arriving soon.Welcome to East West Rail, open or not. For well over a decade, ministers have talked up a new railway linking Oxford to Cambridge via Milton Keynes to accelerate the drive for housing, jobs and growth – an arc of tech industry hailed as the UK’s answer to Silicon Valley. Continue reading...
theguardian.com
‘There is real danger’: landline phone users voice fears over digital switchover
Rural dwellers reveal failings in backup plans, as campaigners call for deadline to be extended from 2027 to 2030“Every time there is a power failure I lose all means of communication with the outside world,” says Robert Dewar of life in a remote village in the Scottish Highlands since the landlines were transferred from the old copper cable network to broadband connections.Blackouts also knock out the village’s mobile phone signal. “Our most recent power cut lasted for 42 hours,” Dewar says. The interruption outlasted his five-hour emergency backup battery. “If I had had a heart attack there is damn all I could have done about it, except compose myself, say my prayers, and await the outcome.” Continue reading...
theguardian.com
Gaga, Dior and $24 tweezers: how The Devil Wears Prada 2 turns rags to riches
From celebrity cameos to lucrative brand partnerships, The Devil Wears Prada 2’s approach to maximising revenue is worthy of Runway’s finestFor a film that serves as a commentary on the perilous economics of today’s media landscape, it’s fitting that promotion for The Devil Wears Prada 2 has been so frank about its finances.Speaking ahead of the New York premiere, Meryl Streep revealed she initially turned down the role of withering fashion magazine editor Miranda Priestly in the 2006 original in a bid to extract more money from its producers. Continue reading...
cnbc.com
Trump says he's raising EU auto tariffs to 25%
The Supreme Court struck down Trump's "reciprocal" tariffs earlier this year, and Europe warned that its trade deal with Washington could be in jeopardy.
bbc.com
Mortgages, jobs and energy bills - how the Iran war will affect your money
The Bank of England's latest report reveals some interesting details on how our finances will be affected due to the Iran war.
bbc.com
Pentagon says US military to be an 'AI-first' fighting force
The US military has agreed eight new contracts with big tech firms as it expands its artificial intelligence capabilities.
cnbc.com
Apple's stock gains as company execs cite iPhone, Mac demand in boosting guidance
On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts' estimates.
bbc.com
Trump says he will hike tariffs on EU cars to 25%
The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.
cnbc.com
Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’
Oil prices have soared on the risk of escalation and then plunged on hopes for peace before repeating the cycle.
cnbc.com
Bitcoin surged in April, but weak buyer demand makes the rally vulnerable
Bitcoin surged in April, but its run could be on shaky ground, according to CryptoQuant.
bbc.com
The Real Greek rescued by Cote Brasserie-owner
All but nine of the Mediterranean chain's 28 outlets are being taken over by the family-owned Karali group.
bbc.com
No evidence of widespread fuel price-gouging, watchdog says
Profit margins were "broadly unchanged" between February and March, the UK's competition watchdog says.
cnbc.com
UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
bbc.com
Crayola toys recalled over possible asbestos contamination
People should stop using the products immediately and keep out of the reach of children, the government says.
theguardian.com
‘Temu Range Rover’: what the bestselling Jaecoo 7 says about China’s electric car ascendancy
Loaded with extras and produced at a cut price, the crossover SUV has overtaken rival cars from US, Japanese and Korean firmsThe UK is no stranger to foreign cars. The bestseller lists in recent years have been dominated by the US’s Ford Puma, Japan’s Nissan Qashqai, Korea’s Kia Sportage and occasionally even Tesla’s Model Y.But in March the top 10 provided a shock: a Chinese car leapt into the lead. Continue reading...
bbc.com
Billions of meals at risk due to Iran war, says fertiliser boss
A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
cnbc.com
Pentagon tech chief says Anthropic is still blacklisted, but Mythos is a separate issue
The DOD announced it has entered into agreements with seven other AI companies.
cnbc.com
The Tech Download: Chip stocks surge in ‘historic’ month as investors’ AI buildout concerns ease
March saw many chip stocks drop amid concerns over the AI buildout, but their fortunes have reversed in April.
cnbc.com
Japan risks Trump’s ire as Iran war fallout sparks currency intervention
“FX intervention will only get them so far,” one strategist said after the yen surged.
bbc.com
'I earn £36k but I can't afford to buy a house'
Shelter Cymru says privately rented homes are unaffordable for most people across Wales.
bbc.com
How the Iran war affects your money and bills
The conflict in the Middle East has increased pressure on the cost of petrol, household energy bills and even food.
theguardian.com
Renters in England: have you recently been served with a section 21 no-fault eviction? We would like to hear from you
What was your experience? Have you found another place to rent? Solicitors have said they were inundated with requests to serve last-minute section 21 no-fault evictions prior to the Renters’ Rights Act, which came into force in England today.Citizens Advice said thousands of people facing a no-fault eviction had approached it for help in the last month. Continue reading...
bbc.com
How will car finance compensation payments work?
Millions could be entitled to compensation as a result of commission arrangements between lenders and dealers.
cnbc.com
Trump scraps Scotch whisky tariffs ‘in honor’ of King Charles
The move is expected to recoup millions of dollars a month for Scotland’s economy.
bbc.com
'We're in a successful band but still work jobs'
Red Rum Club lead singer Fran Doran spoke to BBC North West ahead of the local elections
cnbc.com
Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar
Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey
cnbc.com
Engine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants
Supercar engines rely on base oils because they can withstand extreme heat, high revs and intense pressure.
cnbc.com
Japan Airlines begins humanoid robot trials at Tokyo's Haneda airport as labor shortages bite
Tokyo's Haneda Airport is beginning a trial of humanoid robots in airport ground services amid chronic labor challenges and a rapidly ageing workforce.
theguardian.com
Grade II-listed homes in England for sale – in pictures
From a quintessential ‘chocolate box’ cottage to part of a grand stately home Continue reading...
cnbc.com
China’s EV price war turns into AI arms race beyond cheaper cars
Chinese EV firms are rapidly rolling out in-car AI features to gain an edge, but as the price war drags on, those technologies are quickly becoming commoditized.
cnbc.com
China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why
Rapid advances in AI for coding and chatbots doesn't change the timeline for getting self-driving vehicles on the road, industry executives in China said.
bbc.com
Will AI lead to more accurate opinion polls?
It's cheaper and faster to collect people's opinions using AI, but will it make polls more accurate?
bbc.com
'There were letters I didn't want to open': Rise in unpaid debt court cases
The number of county court judgements rose by 17.5% in the first quarter of this year compared to last, data suggests.
theguardian.com
Tony Blair’s thinktank urges Labour to scrap ‘unaffordable’ pension triple lock
State pension was ‘built for a different era’, says former PM’s organisation amid pressure on government financesLabour has been urged by Tony Blair’s thinktank to scrap the pensions triple lock amid mounting pressure on government finances.With the Iran war threatening to derail public spending plans, the Tony Blair Institute (TBI) said the “unaffordable” manifesto pledge to maintain the triple lock should be torn up as part of a wider overhaul of the state pension. Continue reading...
theguardian.com
Bank of England warns UK should brace for higher inflation due to Middle East war – video
The Bank of England has left interest rates unchanged at 3.75% but warned that the UK may need to brace for hikes later this year, as a result of the war in the Middle East.The Bank’s rate-setting monetary policy committee voted to leave borrowing costs on hold on Thursday, with its nine-members split 8-1 in their decision.Andrew Bailey, the central bank’s governor, said the war in the Middle East was causing inflation to rise this year. He added that the policymakers were monitoring the global situation and its impact on the UK economy 'very closely', but that the decision to hold rates at 3.75% for now is a 'reasonable place given the situation of the economy and the unpredictability of events in the Middle East'Business liveBank of England warns ‘higher inflation is unavoidable’ after leaving interest rates on hold Continue reading...
cnbc.com
Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud
The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein's activist fund on Thursday.
theguardian.com
Why your favourite brands are suddenly failing
You’re not imagining it. Smaller portions. Higher prices. Worse service. It’s easy to blame inflation, but that’s not the full story. Over the last few decades, a financial model has quietly taken over huge parts of everyday life. From restaurants and retailers to vets and care homes, many of the brands we rely on are no longer being run as long-term businesses, but as investments designed to generate fast returns. In this video, Neelam Tailor breaks down how private equity actually works, why it’s grown so quickly, and how it can reshape the businesses you interact with every day. Continue reading...
bbc.com
The kelp producer who wants to get Americans eating seaweed
Marine farmer Suzie Flores also hopes the crop can revitalise the US's small fishing towns.
bbc.com
Why has the UAE left Opec - and why does this matter?
The United Arab Emirates (UAE) is quitting oil cartel Opec after nearly 60 years of membership.
bbc.com
What do shoppers think about the future of their high street?
Freshney Place is being renovated to include a new food hall and five-screen cinema.
bbc.com
Why Spotify has no button to filter out AI music
Music streamer Deezer allows users to filter out AI music, so why does Spotify not offer the same?
bbc.com
Why Elon Musk and Sam Altman are fighting over OpenAI
Musk, who co-founded the company that created ChatGPT with Altman, wants more than $130bn in damages.
bbc.com
How climate change threatens the economic backbone of the Pacific
Tuna populations around the Pacific Islands could move away as ocean temperatures increase.
bbc.com
From scientist to silk farmer: India's silk industry renewal
Silk production is an increasingly high-tech business in India.
bbc.com
High street drug dealer sells cannabis to undercover reporter
Across the UK, shopfronts are being exploited by criminal gangs pushing illegal drugs, experts say.
bbc.com
What the Warner Bros deal could mean for streaming, cinemas and news
If Paramount's takeover of Warner Bros goes ahead it could significantly reshape Hollywood.
bbc.com
Watch: BBC goes undercover at mini-mart selling drugs
BBC UK editor Ed Thomas confronts a shopkeeper secretly filmed selling cannabis and cocaine to one of our researchers.
bbc.com
How a pivot to hair accessories led to business success
Jenny Lennick's colourful hair clips are sold across the US and around the world.
bbc.com
The 'dumb machine' promising a clean energy breakthrough
A stellarator is difficult to build, but could it be the best way to make fusion energy work?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
bbc.com
The £5.30 orange juice that tells the story of why supermarket prices are sky high
Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why
bbc.com
Prepare for turbulence - how a prolonged Middle East conflict could reshape how we fly
The Gulf's hub airports made long-distance travel cheaper - but now their future looks unclear.
bbc.com
Sir John Curtice: Why Labour's Brexit focus has shifted from Leavers to Remainers
Will the pursuit of a closer relationship with the EU risk courting electoral disaster by alienating Brexit-backing voters?
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